Rockefeller Capital Management L.P. Has $927,000 Stock Position in HSBC Holdings plc (NYSE:HSBC)

Rockefeller Capital Management L.P. cut its holdings in HSBC Holdings plc (NYSE:HSBC) by 11.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,577 shares of the financial services provider’s stock after selling 2,578 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in HSBC were worth $927,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HSBC. Ignite Planners LLC boosted its stake in shares of HSBC by 1.3% in the 3rd quarter. Ignite Planners LLC now owns 17,427 shares of the financial services provider’s stock valued at $788,000 after purchasing an additional 225 shares in the last quarter. Huntington National Bank grew its stake in shares of HSBC by 11.9% during the third quarter. Huntington National Bank now owns 2,122 shares of the financial services provider’s stock worth $96,000 after buying an additional 226 shares during the last quarter. Drive Wealth Management LLC lifted its stake in shares of HSBC by 4.5% in the 2nd quarter. Drive Wealth Management LLC now owns 6,364 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 273 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of HSBC by 2.3% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 11,990 shares of the financial services provider’s stock valued at $542,000 after acquiring an additional 273 shares in the last quarter. Finally, Crumly & Associates Inc. increased its holdings in HSBC by 1.8% in the 2nd quarter. Crumly & Associates Inc. now owns 15,970 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 287 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

HSBC Stock Performance

Shares of HSBC stock opened at $47.59 on Monday. The business’s 50-day moving average price is $45.65 and its 200-day moving average price is $44.28. HSBC Holdings plc has a 12 month low of $36.93 and a 12 month high of $48.26. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $171.46 billion, a price-to-earnings ratio of 7.87 and a beta of 0.56.

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Friday, November 8th. HSBC’s payout ratio is 32.73%.

HSBC Company Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.